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Chinese Scrap Metal Prices Dipped Substantially on Index

Copper Scrap Prices

#1 Copper Bare Bright prices were down sharply by CNY 300 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined heavily by CNY 300 per MT each.

#1 Insulated Copper Wire 85% Recovery prices have declined by CNY 150 per MT upon comparison with the previous day. The price of #2 Insulated Copper Wire 50% Recovery prices recorded a down move of $50 per MT over the previous day.

Copper Transformer and Cu Yokes prices remained unchanged on Index when matched with the prior day.

Harness Wire 35% Recovery prices too held steady from the previous day.

Cu/Al Radiator scrap prices were down by CNY 50 per MT.

Heater Cores prices too declined by CNY 50 per MT on Thursday, September 30th.

Meantime, Scrap Electric Motors and Sealed Units prices witnessed no change on Index.

Aluminum Scrap Prices

6063 Extrusions witnessed a price decline of CNY 300 per MT over the previous day.

Aluminum Ingots too dropped by CNY 300 per MT.

The prices of Aluminum Radiators and Aluminum Transformers were down by CNY 150 per MT on Index.

E.C Aluminum Wire prices dropped by CNY 300 per MT on September 30th, 2021.

Old Cast and Old Sheet prices were down by CNY 300 per MT each.

UBC and  Zorba 90% INF prices dropped by CNY 150 per MT and CNY 100 per MT respectively on Index.

Steel Scrap Prices

#1 HMS prices held steady on 30th September, 2021.

Cast Iron Scrap too reported no change in prices.

Stainless Steel Scrap Prices

201 SS prices were unchanged on Index.

304 SS Solid prices too remained flat over the previous day.

The price of 304 SS Turning saw no change on Index.

309 SS and 316 SS prices held steady when compared with the prior day.

310 SS Solid scrap prices were flat on September 30th, 2021.

Shred SS prices too saw no variation in prices over the day.        

Brass/Bronze Scrap Prices

The Brass/Bronze Scrap prices in China remained flat on Index.

Brass Radiator scrap prices were unchanged on September 30th, 2021.

Red Brass and Yellow Brass prices too witnessed no change on Index.

Source By – ScrapMonster

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